Fourth Partner Energy to Supply 28 MW From Hybrid Project to Hyundai Group
Fourth Partner Energy has deepened its partnership with Hyundai Motor Group and its affiliates through a new agreement to supply 28 MW power from wind-solar hybrid project in Tamil Nadu.
What began as a rooftop solar installation has now evolved into a comprehensive clean energy initiative aimed at decarbonising Hyundai’s entire supply chain. According to the company, the expanded partnership now spans multiple group entities, including Hyundai MOBIS, HYUNDAI WIA, Hyundai Glovis India, and HYUNDAI TRANSYS. The deal is expected to significantly boost Hyundai Motor’s renewable energy share, taking its total energy mix to around 70%.
From Rooftop Solar to Large-Scale Hybrid Power
The latest development builds on an existing relationship between the two companies. In November 2024, Fourth Partner Energy Private Limited, through its Special Purpose Vehicle (SPV), FPEL Tamil Nadu (TN) Wind Farm, signed Power Purchase Agreements (PPAs) with Hyundai Motor for both wind and solar power project.
The SPV was set up by the Fourth Partner Energy to expand its renewable energy portfolio. As part of this initiative, its aims was to develop a 75 MW solar power plant and a 42.9 MW wind power project in Tamil Nadu, with a 118 MW capacity. The partnership has also seen financial backing from Hyundai Motor India.
In June 2025, Hyundai Motor invested Rs. 16.58 crore as its first tranche to acquire 23,62,638 equity shares in FPEL TN Wind Farm Private Limited through a private placement on June 6, 2025. Following this investment, Hyundai holds a 26.13% stake in the wind power entity.
Expect the expanded deal top reflect across the C&I segment, as the segment is expected to contribute increasingly more to India’s overall renewable capacity goals. Falling storage prices have also opened the possibility of seeking an ever larger share of renewable energy in the mix for more and more firms, other than the most hard to abate segments. The auto segment is one segment that is expected to enhance targets and get to 100% green energy sooner than most in that situation.